{"id":16909,"date":"2026-09-30T18:23:07","date_gmt":"2026-09-30T18:23:07","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=16909"},"modified":"2026-09-30T18:23:11","modified_gmt":"2026-09-30T18:23:11","slug":"bitcoins-bull-score-hit-90-but-where-did-the-demand-go","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/","title":{"rendered":"Bitcoin\u2019s bull score hit 90, but where did the demand go?"},"content":{"rendered":"\n

Bitcoin\u2019s market trend looks unusually strong on paper, but one important demand indicator is telling a very different story.<\/p>\n\n\n\n

CryptoQuant\u2019s Bitcoin Bull Score recently climbed to 90 out of 100 after BTC broke above its 365-day moving average, signaling that most of the firm\u2019s trend indicators are firmly in bullish territory.<\/p>\n\n\n\n

At the same time, CryptoQuant\u2019s estimate of apparent Bitcoin demand contracted by roughly 170,000 BTC over the previous 30 days.<\/p>\n\n\n\n

The two readings may seem contradictory, but they measure different parts of the market.<\/p>\n\n\n\n

The Bull Score reflects the strength of the existing trend.<\/p>\n\n\n\n

The apparent-demand measure, meanwhile, attempts to estimate whether new buyers are absorbing available Bitcoin supply fast enough.<\/p>\n\n\n\n

That distinction matters after Bitcoin briefly climbed to around $87,400 before pulling back toward $83,300 on Sept. 30.<\/p>\n\n\n\n

What does a Bitcoin Bull Score of 90 really mean?<\/h2>\n\n\n\n

CryptoQuant\u2019s Bull Score combines several onchain and market indicators into a single composite reading.<\/p>\n\n\n\n

The score strengthened after Bitcoin moved above its 365-day moving average, a level CryptoQuant uses as one indication of a bullish market regime.<\/p>\n\n\n\n

A score of 90 means that most of the indicators included in the model currently meet bullish conditions.<\/p>\n\n\n\n

However, it does not mean Bitcoin has a 90% chance of going higher.<\/p>\n\n\n\n

It is also not a direct measure of how many investors are actively buying Bitcoin.<\/p>\n\n\n\n

Many trend indicators naturally improve after price has already moved higher.<\/p>\n\n\n\n

A breakout above a long-term moving average confirms strength that has already appeared in the market, but it does not identify who will buy the next wave of coins offered for sale.<\/p>\n\n\n\n

That means Bitcoin can maintain a strong Bull Score even if the number of new marginal buyers begins to weaken.<\/p>\n\n\n\n

Bitcoin demand contracted by roughly 170,000 BTC<\/h2>\n\n\n\n

CryptoQuant\u2019s apparent-demand measure tells a different story.<\/p>\n\n\n\n

The firm estimated that apparent Bitcoin demand contracted by approximately 170,000 BTC over the previous 30 days.<\/p>\n\n\n\n

That number should not be interpreted as 170,000 BTC being dumped onto exchanges.<\/p>\n\n\n\n

It is a change in CryptoQuant\u2019s demand estimate rather than a direct record of executed sales.<\/p>\n\n\n\n

The metric attempts to measure shifts in Bitcoin supply held for longer periods relative to newly issued coins.<\/p>\n\n\n\n

Its main value lies in showing whether longer-term accumulation appears to be strengthening or weakening.<\/p>\n\n\n\n

The recent contraction suggests that net absorption has slowed even while Bitcoin\u2019s broader price trend remains bullish.<\/p>\n\n\n\n

The 170,000 BTC figure is much larger than new mining supply<\/h2>\n\n\n\n

The size of the demand contraction becomes clearer when compared with Bitcoin\u2019s newly issued supply.<\/p>\n\n\n\n

Bitcoin currently has a block subsidy of 3.125 BTC.<\/p>\n\n\n\n

At roughly 144 blocks per day, miners produce approximately 450 new BTC every 24 hours.<\/p>\n\n\n\n

Over 30 days, that works out to roughly 13,500 BTC, depending on actual block production.<\/p>\n\n\n\n

The 170,000 BTC change in apparent demand is therefore more than 12 times larger than one month of newly mined supply.<\/p>\n\n\n\n

That does not mean miners sold 170,000 BTC.<\/p>\n\n\n\n

Instead, it shows how changes in existing holders\u2019 behavior can have a much larger impact on market liquidity than newly created Bitcoin alone.<\/p>\n\n\n\n

ETF demand was strong during the breakout<\/h2>\n\n\n\n

One clearly identifiable source of Bitcoin demand came from U.S. spot Bitcoin ETFs.<\/p>\n\n\n\n

The funds recorded approximately $2.39 billion in net inflows during the five trading sessions ending Sept. 25.<\/p>\n\n\n\n

The strongest sessions included around $999 million on Sept. 21 and approximately $714.7 million on Sept. 22.<\/p>\n\n\n\n

Those inflows demonstrate that one important class of investors was actively adding Bitcoin exposure during the breakout.<\/p>\n\n\n\n

However, ETF inflows cover a much shorter period than CryptoQuant\u2019s rolling 30-day apparent-demand measure.<\/p>\n\n\n\n

This means both indicators can be correct at the same time.<\/p>\n\n\n\n

The market may have experienced weaker demand earlier in the month before ETF buying accelerated during the breakout.<\/p>\n\n\n\n

How much Bitcoin could $2.39 billion buy?<\/h2>\n\n\n\n

At an illustrative Bitcoin price of $84,000, $2.39 billion would represent purchasing power equal to roughly 28,450 BTC.<\/p>\n\n\n\n

That figure is useful for understanding the scale of ETF demand.<\/p>\n\n\n\n

However, it is not an exact count of Bitcoin purchased by the funds.<\/p>\n\n\n\n

Actual ETF acquisitions occur at different prices and through market makers, authorized participants and custodians.<\/p>\n\n\n\n

The approximate 28,450 BTC equivalent is also much smaller than the 170,000 BTC change in CryptoQuant\u2019s 30-day apparent-demand estimate.<\/p>\n\n\n\n

The two figures should not simply be subtracted from one another because they use different methodologies, periods and definitions.<\/p>\n\n\n\n

Still, the comparison helps explain why several strong ETF sessions may not immediately reverse a month-long deterioration in broader demand.<\/p>\n\n\n\n

ETF inflows do not tell the whole Bitcoin demand story<\/h2>\n\n\n\n

Spot Bitcoin ETF flows are among the easiest institutional demand sources to track, but they represent only one part of the market.<\/p>\n\n\n\n

ETF investors generally own shares in a fund rather than taking direct custody of Bitcoin.<\/p>\n\n\n\n

Authorized participants and other intermediaries handle the process of creating and redeeming shares and arranging the corresponding Bitcoin exposure.<\/p>\n\n\n\n

That structure means the timing of reported ETF flows does not necessarily match the exact moment Bitcoin is purchased in the spot market.<\/p>\n\n\n\n

A large daily ETF inflow confirms that aggregate exposure increased, but it cannot prove that the full amount entered spot markets at one precise time.<\/p>\n\n\n\n

ETF demand has also been uneven<\/h2>\n\n\n\n

The latest inflow streak has been strong, but ETF demand has not moved in only one direction.<\/p>\n\n\n\n

Earlier in September, U.S. spot Bitcoin funds recorded approximately $746.3 million in combined outflows across Sept. 15 and Sept. 16.<\/p>\n\n\n\n

Demand later returned strongly.<\/p>\n\n\n\n

This sequence demonstrates why ETF flows should not be treated as a permanently open source of buying.<\/p>\n\n\n\n

Investors can subscribe, pause or redeem depending on market conditions.<\/p>\n\n\n\n

A rolling 30-day demand measure naturally captures both weak and strong periods.<\/p>\n\n\n\n

Long-term holders may be supplying Bitcoin into the rally<\/h2>\n\n\n\n

One possible source of selling pressure is long-term holders taking profits after Bitcoin\u2019s strong advance.<\/p>\n\n\n\n

Profit taking during a rally does not necessarily mean investors have turned bearish.<\/p>\n\n\n\n

Many holders who accumulated Bitcoin at lower prices may simply decide to realize some gains while the market is strong.<\/p>\n\n\n\n

Recent analysis cited realized profits for long-term holders at roughly 72% as of Sept. 25.<\/p>\n\n\n\n

That was far below the nearly 350% comparison observed during December 2024.<\/p>\n\n\n\n

The difference suggests that the current market does not necessarily resemble an extreme late-cycle distribution event.<\/p>\n\n\n\n

However, continued selling from older holders still creates supply that new buyers must absorb.<\/p>\n\n\n\n

Falling exchange balances do not mean nobody is selling<\/h2>\n\n\n\n

Exchange reserve data can also be misleading when viewed in isolation.<\/p>\n\n\n\n

Tracked exchange reserves reportedly declined by around 12,153 BTC between Sept. 17 and Sept. 23.<\/p>\n\n\n\n

Sept. 22 alone saw approximately 19,105 BTC in outflows.<\/p>\n\n\n\n

Large exchange withdrawals are often interpreted as bullish because coins leaving trading venues may be moving into longer-term storage.<\/p>\n\n\n\n

However, exchange balances do not show every transaction taking place in the market.<\/p>\n\n\n\n

Exchanges can move funds internally between wallets and custodians.<\/p>\n\n\n\n

Bitcoin can also be sold without first appearing as an obvious deposit to a publicly tracked exchange wallet.<\/p>\n\n\n\n

Exchange reserves therefore provide useful context but are not a complete measure of selling pressure.<\/p>\n\n\n\n

Miners remain another source of Bitcoin supply<\/h2>\n\n\n\n

Bitcoin miners continuously receive newly issued BTC but also face substantial operating costs.<\/p>\n\n\n\n

Electricity, equipment, financing and payroll can force miners to sell part of their holdings regularly.<\/p>\n\n\n\n

Some mining companies hold Bitcoin for longer periods, while others sell more consistently.<\/p>\n\n\n\n

A decline in miner reserves can therefore indicate distribution.<\/p>\n\n\n\n

However, miner flows alone cannot explain the full apparent-demand contraction.<\/p>\n\n\n\n

The 170,000 BTC figure reflects broader holding behavior rather than a direct measurement of miner selling.<\/p>\n\n\n\n

Strategy continues buying Bitcoin<\/h2>\n\n\n\n

Corporate treasury buyers remain another visible source of demand.<\/p>\n\n\n\n

Strategy recently disclosed the purchase of another 1,665 BTC.<\/p>\n\n\n\n

That raised its total Bitcoin holdings to approximately 847,666 BTC.<\/p>\n\n\n\n

Strategy\u2019s purchase is significant for the company\u2019s own treasury, but it is relatively small compared with the 170,000 BTC change measured across CryptoQuant\u2019s 30-day demand indicator.<\/p>\n\n\n\n

Corporate purchases also cannot identify the buyer of every Bitcoin sold by long-term holders or miners.<\/p>\n\n\n\n

They represent another piece of the broader demand picture.<\/p>\n\n\n\n

Bitcoin\u2019s rally was not driven entirely by spot buying<\/h2>\n\n\n\n

Derivatives also played an important role in Bitcoin\u2019s September rally.<\/p>\n\n\n\n

Futures open interest increased as Bitcoin moved higher.<\/p>\n\n\n\n

Previous market reporting described more than $2 billion in newly opened futures positions alongside roughly $1.7 billion in ETF inflows over two days.<\/p>\n\n\n\n

Futures can increase price momentum without necessarily removing Bitcoin from the liquid spot supply.<\/p>\n\n\n\n

A futures contract creates price exposure between a long and a short position.<\/p>\n\n\n\n

No physical Bitcoin necessarily needs to change hands.<\/p>\n\n\n\n

This is why a rally driven partly by derivatives may look strong in price terms while longer-term spot accumulation remains less convincing.<\/p>\n\n\n\n

Leverage can amplify both rallies and pullbacks<\/h2>\n\n\n\n

Derivatives are still important because leveraged positioning can influence the spot market indirectly.<\/p>\n\n\n\n

When short positions are forced to close during a rally, buying pressure can push futures prices higher and affect spot-market arbitrage.<\/p>\n\n\n\n

The reverse can happen when leveraged longs close during a decline.<\/p>\n\n\n\n

If too much of a rally depends on leverage rather than long-term spot accumulation, the market can become more sensitive to sudden position unwinds.<\/p>\n\n\n\n

CryptoQuant has also reported slower growth in speculative futures demand during the previous 15 days.<\/p>\n\n\n\n

That does not guarantee a reversal, but it suggests another source of marginal momentum has cooled.<\/p>\n\n\n\n

Bitcoin\u2019s pullback shows why the Bull Score is not a buy signal<\/h2>\n\n\n\n

Bitcoin climbed above $87,000 before retreating toward the low $83,000 range.<\/p>\n\n\n\n

That pullback occurred even while the Bull Score remained exceptionally strong.<\/p>\n\n\n\n

This illustrates why a score of 90 should not be interpreted as a direct trading signal.<\/p>\n\n\n\n

The score describes the prevailing bullish market structure.<\/p>\n\n\n\n

It does not guarantee that every short-term move will be higher.<\/p>\n\n\n\n

Bitcoin could resume its advance if new buyers return aggressively.<\/p>\n\n\n\n

It could also consolidate or correct if profit taking exceeds incoming demand.<\/p>\n\n\n\n

Bitcoin is still coming off a very strong quarter<\/h2>\n\n\n\n

Despite the recent demand concerns, Bitcoin\u2019s broader performance remains strong.<\/p>\n\n\n\n

The cryptocurrency was on track for its best quarter in nearly two years after gaining more than 40% from July through late September.<\/p>\n\n\n\n

That performance supports the strong trend indicators behind CryptoQuant\u2019s Bull Score.<\/p>\n\n\n\n

The important question is whether the next leg of the rally can attract enough new demand to absorb sellers without relying increasingly on leverage.<\/p>\n\n\n\n

The apparent-demand weakness may partly reflect timing<\/h2>\n\n\n\n

There is also a bullish interpretation of the conflicting data.<\/p>\n\n\n\n

CryptoQuant\u2019s apparent-demand measure covers a rolling 30-day period.<\/p>\n\n\n\n

That window includes days before the latest wave of ETF buying accelerated.<\/p>\n\n\n\n

As weaker days gradually leave the calculation, continued ETF inflows and accumulation by large investors could eventually push the demand measure higher.<\/p>\n\n\n\n

If that happens while Bitcoin holds above its recent breakout levels, the 170,000 BTC contraction may prove to have been a lagging indicator of an earlier weak period rather than evidence of a lasting demand shortage.<\/p>\n\n\n\n

What would strengthen Bitcoin\u2019s bullish case?<\/h2>\n\n\n\n

Several developments could help confirm that demand is catching up with the strong trend.<\/p>\n\n\n\n

First, U.S. spot Bitcoin ETFs would need to maintain meaningful net inflows rather than simply remain positive at much smaller levels.<\/p>\n\n\n\n

Second, CryptoQuant\u2019s apparent-demand measure would need to improve consistently over multiple updates.<\/p>\n\n\n\n

Third, long-term holder profit taking would need to be absorbed without forcing Bitcoin significantly lower.<\/p>\n\n\n\n

If those conditions occur while leverage remains controlled, the rally would have a stronger foundation based on identifiable spot demand.<\/p>\n\n\n\n

What could weaken the setup?<\/h2>\n\n\n\n

The bearish case would become stronger if ETF inflows fade while long-term holders continue increasing sales.<\/p>\n\n\n\n

A large increase in leveraged futures positions without comparable spot buying could also make the market more vulnerable to liquidation-driven volatility.<\/p>\n\n\n\n

A sustained decline in Bitcoin price combined with worsening apparent demand would provide stronger evidence that new buyers are failing to absorb available supply.<\/p>\n\n\n\n

At the moment, the market has not provided a definitive answer.<\/p>\n\n\n\n

So where did Bitcoin demand go?<\/h2>\n\n\n\n

Demand did not disappear.<\/p>\n\n\n\n

ETF investors bought aggressively during the latest breakout.<\/p>\n\n\n\n

Strategy continued adding Bitcoin.<\/p>\n\n\n\n

Other wallet groups have also accumulated.<\/p>\n\n\n\n

At the same time, long-term holders have been realizing profits, derivatives have contributed to price momentum and CryptoQuant\u2019s broader 30-day apparent-demand estimate has weakened.<\/p>\n\n\n\n

The result is a market where visible buying exists, but sustained net absorption has not yet caught up with the strength of the trend indicators.<\/p>\n\n\n\n

That is why Bitcoin can simultaneously show a Bull Score of 90 and deteriorating apparent demand.<\/p>\n\n\n\n

The Bull Score says the market trend is strong.<\/p>\n\n\n\n

The demand data asks whether enough new buyers are arriving to keep that trend going.<\/p>\n\n\n\n

Those are two different questions.<\/p>\n\n\n\n

What Bitcoin traders should watch next<\/h2>\n\n\n\n

The next few data updates should provide a clearer picture.<\/p>\n\n\n\n

The most important indicator will be whether CryptoQuant\u2019s 30-day apparent-demand estimate begins recovering from its roughly 170,000 BTC contraction.<\/p>\n\n\n\n

ETF flows will also matter, especially whether investors maintain meaningful inflows after the excitement surrounding the breakout fades.<\/p>\n\n\n\n

Long-term holder profit taking should be watched alongside Bitcoin\u2019s price reaction.<\/p>\n\n\n\n

If holders continue realizing gains while BTC remains stable or rises, that would suggest buyers are successfully absorbing the supply.<\/p>\n\n\n\n

Futures positioning will provide another clue.<\/p>\n\n\n\n

A renewed move toward the $87,400 area supported by ETF and spot demand would look different from one driven mainly by rapidly expanding leveraged positions.<\/p>\n\n\n\n

For now, Bitcoin\u2019s strong Bull Score confirms that the market has built significant upward momentum.<\/p>\n\n\n\n

Whether that momentum can continue will depend less on the score itself and more on whether new demand returns strongly enough to absorb the coins being distributed.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s market trend looks unusually strong on paper, but one important demand indicator is telling a very different story. CryptoQuant\u2019s Bitcoin Bull Score recently climbed to 90 out of 100 after BTC broke above its 365-day moving average, signaling that most of the firm\u2019s trend indicators are firmly in bullish territory. At the same time,…<\/p>\n","protected":false},"author":3,"featured_media":16910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[69,285,678],"class_list":["post-16909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-bitcoin","tag-bitcoin-etf","tag-bull-market"],"yoast_head":"\nBitcoin\u2019s bull score hit 90, but where did the demand go? - Crypto News<\/title>\n<meta name=\"description\" content=\"Bitcoin\u2019s Bull Score hit 90, but CryptoQuant says apparent demand fell by 170,000 BTC. Here\u2019s why strong momentum and weaker demand can coexist.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin\u2019s bull score hit 90, but where did the demand go? - Crypto News\" \/>\n<meta property=\"og:description\" content=\"Bitcoin\u2019s Bull Score hit 90, but CryptoQuant says apparent demand fell by 170,000 BTC. Here\u2019s why strong momentum and weaker demand can coexist.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-30T18:23:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-30T18:23:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2026\/09\/71-12.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Digital Vibe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Digital Vibe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"11 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\\\/\"},\"author\":{\"name\":\"Digital Vibe\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#\\\/schema\\\/person\\\/56afc0b5a42e13762ccad410f131f96a\"},\"headline\":\"Bitcoin\u2019s bull score hit 90, but where did the demand go?\",\"datePublished\":\"2026-09-30T18:23:07+00:00\",\"dateModified\":\"2026-09-30T18:23:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\\\/\"},\"wordCount\":2246,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptonewsdesk.com\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/71-12.png\",\"keywords\":[\"bitcoin\",\"bitcoin etf\",\"bull market\"],\"articleSection\":[\"Crypto News\",\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\\\/\",\"url\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\\\/\",\"name\":\"Bitcoin\u2019s bull score hit 90, but where did the demand go? - Crypto News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptonewsdesk.com\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/71-12.png\",\"datePublished\":\"2026-09-30T18:23:07+00:00\",\"dateModified\":\"2026-09-30T18:23:11+00:00\",\"description\":\"Bitcoin\u2019s Bull Score hit 90, but CryptoQuant says apparent demand fell by 170,000 BTC. Here\u2019s why strong momentum and weaker demand can coexist.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cryptonewsdesk.com\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/71-12.png\",\"contentUrl\":\"https:\\\/\\\/cryptonewsdesk.com\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/71-12.png\",\"width\":1080,\"height\":720,\"caption\":\"bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2026\\\/09\\\/30\\\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptonewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin\u2019s bull score hit 90, but where did the demand go?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/cryptonewsdesk.com\\\/\",\"name\":\"Crypto News\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptonewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#organization\",\"name\":\"Crypto News\",\"url\":\"https:\\\/\\\/cryptonewsdesk.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/cryptonewsdesk.com\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/Crypto-NEWS.png\",\"contentUrl\":\"https:\\\/\\\/cryptonewsdesk.com\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/Crypto-NEWS.png\",\"width\":500,\"height\":500,\"caption\":\"Crypto News\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/crypto-news-desk\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#\\\/schema\\\/person\\\/56afc0b5a42e13762ccad410f131f96a\",\"name\":\"Digital Vibe\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/37e93c2e55bfd306b5f3247c0ce7dba6687533106a6330857687e3dcd20fc018?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/37e93c2e55bfd306b5f3247c0ce7dba6687533106a6330857687e3dcd20fc018?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/37e93c2e55bfd306b5f3247c0ce7dba6687533106a6330857687e3dcd20fc018?s=96&d=mm&r=g\",\"caption\":\"Digital Vibe\"},\"url\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/author\\\/digital-vibe\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin\u2019s bull score hit 90, but where did the demand go? - Crypto News","description":"Bitcoin\u2019s Bull Score hit 90, but CryptoQuant says apparent demand fell by 170,000 BTC. Here\u2019s why strong momentum and weaker demand can coexist.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin\u2019s bull score hit 90, but where did the demand go? - Crypto News","og_description":"Bitcoin\u2019s Bull Score hit 90, but CryptoQuant says apparent demand fell by 170,000 BTC. Here\u2019s why strong momentum and weaker demand can coexist.","og_url":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/","og_site_name":"Crypto News","article_published_time":"2026-09-30T18:23:07+00:00","article_modified_time":"2026-09-30T18:23:11+00:00","og_image":[{"width":1080,"height":720,"url":"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2026\/09\/71-12.png","type":"image\/png"}],"author":"Digital Vibe","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Digital Vibe","Est. reading time":"11 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/#article","isPartOf":{"@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/"},"author":{"name":"Digital Vibe","@id":"https:\/\/cryptonewsdesk.com\/#\/schema\/person\/56afc0b5a42e13762ccad410f131f96a"},"headline":"Bitcoin\u2019s bull score hit 90, but where did the demand go?","datePublished":"2026-09-30T18:23:07+00:00","dateModified":"2026-09-30T18:23:11+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/"},"wordCount":2246,"commentCount":0,"publisher":{"@id":"https:\/\/cryptonewsdesk.com\/#organization"},"image":{"@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2026\/09\/71-12.png","keywords":["bitcoin","bitcoin etf","bull market"],"articleSection":["Crypto News","Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/","url":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/","name":"Bitcoin\u2019s bull score hit 90, but where did the demand go? - Crypto News","isPartOf":{"@id":"https:\/\/cryptonewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/#primaryimage"},"image":{"@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2026\/09\/71-12.png","datePublished":"2026-09-30T18:23:07+00:00","dateModified":"2026-09-30T18:23:11+00:00","description":"Bitcoin\u2019s Bull Score hit 90, but CryptoQuant says apparent demand fell by 170,000 BTC. Here\u2019s why strong momentum and weaker demand can coexist.","breadcrumb":{"@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/#primaryimage","url":"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2026\/09\/71-12.png","contentUrl":"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2026\/09\/71-12.png","width":1080,"height":720,"caption":"bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/09\/30\/bitcoins-bull-score-hit-90-but-where-did-the-demand-go\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin\u2019s bull score hit 90, but where did the demand go?"}]},{"@type":"WebSite","@id":"https:\/\/cryptonewsdesk.com\/#website","url":"https:\/\/cryptonewsdesk.com\/","name":"Crypto News","description":"","publisher":{"@id":"https:\/\/cryptonewsdesk.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cryptonewsdesk.com\/#organization","name":"Crypto News","url":"https:\/\/cryptonewsdesk.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonewsdesk.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2025\/04\/Crypto-NEWS.png","contentUrl":"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2025\/04\/Crypto-NEWS.png","width":500,"height":500,"caption":"Crypto News"},"image":{"@id":"https:\/\/cryptonewsdesk.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/crypto-news-desk"]},{"@type":"Person","@id":"https:\/\/cryptonewsdesk.com\/#\/schema\/person\/56afc0b5a42e13762ccad410f131f96a","name":"Digital Vibe","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/37e93c2e55bfd306b5f3247c0ce7dba6687533106a6330857687e3dcd20fc018?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/37e93c2e55bfd306b5f3247c0ce7dba6687533106a6330857687e3dcd20fc018?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/37e93c2e55bfd306b5f3247c0ce7dba6687533106a6330857687e3dcd20fc018?s=96&d=mm&r=g","caption":"Digital Vibe"},"url":"https:\/\/cryptonewsdesk.com\/index.php\/author\/digital-vibe\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/16909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=16909"}],"version-history":[{"count":1,"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/16909\/revisions"}],"predecessor-version":[{"id":16911,"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/16909\/revisions\/16911"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/media\/16910"}],"wp:attachment":[{"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=16909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=16909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=16909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}